5 banks are giving the highest return on FD

 Fixed Deposit: These 5 banks are giving the highest return on FD

The safest option for investment in a Fixed Deposit. This is a Traditional Savings Scheme. In which investors prefer to invest money who do not like to take risks.

5 banks are giving the highest return on FD

 The safest option for investment in a Fixed Deposit. This is a Traditional Savings Scheme. In which investors prefer to invest money who do not like to take risks. The biggest reason for this is the government guarantee on fixed deposits. Fixed deposit interest rates are fixed on a yearly basis. But the calculation of interest (How to calculate FD interest rate) is done on a quarterly basis.

Investors also get a slightly higher interest rate on a fixed deposit compared to a savings account. FD rates vary from bank to bank. Senior citizens get higher interest on FD (Fixed Deposit). Senior citizens enjoy an interest rate of 0.5 percent higher than the general public. Let's take a look at banks and their FD interest rates ...

Interest on FD in SBI

Term interest

7-45 days 2.90 percent

46-179 days 3.90 percent

180 days- 1 year 4.40 percent

1-2 years 4.90 percent

2-3 years 5.10 percent

3-5 years 5.30 percent

5-10 years 5.40 percent

SBI offers 0.5 percent higher interest to senior citizens.

Senior citizens get 6.2 percent interest for 7 days to 10 years.

Interest on FD in Punjab National Bank

Deadline interest

7-45 days 3.00 percent

4.50 percent less than 1 year

1-3 years 5.20 percent

5-10 years 5.25 percent

Interest on FD in HDFC Bank

Deadline interest

7-29 days 2.50 percent

30-90 days 3.00 percent

91 days- 6 months 3.50 percent

1 to 2 years 4.90 percent

2 to 3 years 5.15 percent

3-5 years 5.30 percent

5-10 years 5.50 percent

Interest on FD in Bank Of Baroda

Term interest

7-45 days 2.80 percent

46-180 days 3.70 percent

181-270 days 4.30 percent

271 days - less than 1 year 4.40 percent

5.00 percent on 1-year maturity

1-2 years 5.00 percent

2-3 years 5.10 percent 5.10 percent

3-10 years 5.25 percent

Interest on FD in Canara Bank

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Term interest

7-45 days 2.95 percent

46-90 days 3.90 percent

180 days - less than 1 year 4.45 percent

5.25 percent at 1-year maturity

1-2 years 5.20 percent

2-3 years 5.40 percent

3-10 years 5.50 percent